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Gottfried Achenwall is considered as the father of statistics. The term statistics is named differently in a different language each of which means Political State. The term statistics implied both data and statistical methods. German =Statistik French =Statistique Italian =Statista Latin =Status Statistics can be defined in two forms Singular Form: Science of statistic, Plural form: Statistical data Major Definitions According Read More …

Objectives of Auditing

January 1, 2021September 23, 2021 TORAN LAL VERMA

In simple terms, we say that auditing expresses an opinion on the financial statement. The auditor verifies the financial statements and books of accounting to check the truth and fairness of the financial position and operating results of the business. The objectives of auditing can thus be studied under two heads namely Primary and Secondary Objectives. Primary Objectives The primary Read More …

difference between dividend policy and dividend decision

December 31, 2020September 23, 2021 TORAN LAL VERMA

Many students get baffled when they are asked to differentiate between dividend policy and dividend decision. The answer to this question is very easy but tricky. Dividend decision is related to the decision as to how much of the earning would be retained and how much will be distributed as dividend. The company decides as to what would be more Read More …

What is Management Audit

December 25, 2020October 6, 2021 TORAN LAL VERMA

Management audit is a systematic and impartial examination, analysis and appraisal of management’s overall performance. It is basically a procedure of appraisal of management’s total performance by means of an objective and comprehensive examination of the organisation structure, its objectives, plans and policies, its operation and its use of physical and human resources, and methods of operation. Thus ‘management audit’ Read More …